Ways To Establish a Small Business

1087 Words5 Pages
Developing a new thing may not easy. There are many cases to think about. Especially when someone wants to establish his or her own business.

“SBA defines a small business concern as one that is independently owned and operated, is organized for profit, and is not dominant in its field.” – SBA.gov (n.d.)

Not all people know how to start a new business. He or she might start to think independent and organized the business by themselves.
Branson said on his quote that
“A business has to be involving, it has to be fun, and it has to exercise your creative instincts.”- Richard Branson (n.d.)
Base on that quote, the owner’s need to consider what kind of business they want to build. They may want to make a small business with a completely new concept and put their creativity to establish an interesting business. There would be pros or cons and it may also vary. For the beginner, starting a business involves planning, making key financial decisions and completing a series of legal activities. Here is several ways that may help. As it’s written in www.sba.gov, there are several ways to accomplish the goal, such as write a concept, look up for partnership, and choose a location. (10 Steps To Starting a Business, n.d.)

First of all, to establish a small business, the owner seems to start thinking about the concept. What kind of business he wants to build and how to make people come to their place and would come back in any days. But before that the owner has to decide what kind of business he wants to start. Business options may vary and it could be anything. For example party planning, restaurant, project management, and etc. (Top 10 Low-Cost Business Idea, 2013)
But it may also depend on the owner’s passion too. As an example, the ...

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- Smith, C. (n.d.). Why Is the Location of a Business Important? Retrieved from http://smallbusiness.chron.com/location-business-important-43239.html
- U.S Small Business Administration. (n.d.). What is SBA's definition of a small business concern? Retrieved from http://www.sba.gov/content/what-sbas-definition-small-business-concern
- Belcher, L. (n.d). Target Market vs. Target Customer. Retrieved from http://smallbusiness.chron.com/target-market-vs-target-customer-20674.html
- Sugar, B. (2010,February 12). 10 Tips for a Strong Start. Retrieved from http://www.entrepreneur.com/article/204982
- Branson, R. (n.d.). 50 Motivational Business Quotes To Help You Succeed. Retrieved from http://www.epreneur.tv/motivational-business-quotes/
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